WAYNE, NJ – (August 6, 2014) – Toys“R”Us, Inc. has named Chetan Bhandari Senior Vice President, Corporate Finance and Treasurer. In this capacity, Mr. Bhandari will be responsible for managing relationships with domestic and international lenders, depository banks, credit insurers and credit rating agencies, as well as overseeing the company’s global cash management, foreign exchange programs and capital markets activities. An experienced finance executive with broad retail and consumer goods experience, he was most recently Managing Director at GLC Advisors & Co., LLC. Mr. Bhandari will report to Mike Short, Executive Vice President and Chief Financial Officer, Toys“R”Us, Inc.
Mr. Short said, “It is our pleasure to welcome Chetan to the organization as a key member of our Finance team. We look forward to the benefit of his strong background in corporate finance and well-established relationships in the financial community, as we continue to execute our ‘TRU Transformation’ strategy to position the business for long-term profitable growth.”
In his role at GLC Advisors & Co., LLC, Mr. Bhandari primarily focused on restructuring advisory assignments and building the firm’s M&A, financial sponsor and private placement business. Prior to this, he served as a Managing Director in Investment Banking at Goldman, Sachs & Co., responsible for the Consumer/Retail group’s leveraged finance business across the Americas.
Earlier in his career, Mr. Bhandari served as a Managing Director in the Restructuring Group with UBS Securities LLC and a Vice President in the Investment Banking division with Donaldson, Lufkin & Jenrette Securities Corporation. Previously, Mr. Bhandari was a founding member of Merrill Lynch & Co.’s European leveraged finance business. He received a bachelor’s degree in economics and international relations from Brown University and a Master of Business Administration from Harvard Business School.
About Toys“R”Us, Inc.
Toys“R”Us, Inc. is the world’s leading dedicated toy and baby products retailer, offering a differentiated shopping experience through its family of brands. Merchandise is sold in 878 Toys“R”Us and Babies“R”Us stores in the United States and Puerto Rico, and in more than 710 international stores and over 190 licensed stores in 35 countries and jurisdictions. In addition, it exclusively operates the legendary FAO Schwarz brand and sells extraordinary toys in the brand’s flagship store on Fifth Avenue in New York City. With its strong portfolio of e-commerce sites including Toysrus.com, Babiesrus.com, eToys.com and FAO.com, it provides shoppers with a broad online selection of distinctive toy and baby products. Headquartered in Wayne, NJ, Toys“R”Us, Inc. employs approximately 70,000 associates annually worldwide. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Additional information about Toys“R”Us, Inc. can be found on Toysrusinc.com. Follow Toys“R”Us, Babies“R”Us and FAO Schwarz on Facebook at Facebook.com/Toysrus, Facebook.com/Babiesrus and Facebook.com/FAO and on Twitter at Twitter.com/Toysrus and Twitter.com/Babiesrus.